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All Hands-on Deck Needed for Development Finance—including China

By Tim Hirschel-Burns Many people in the development finance community migrated up the United States' eastern seaboard over the weekend. Last week, the International Monetary Fund (IMF) and World Bank Group Spring Meetings took place in Washington D.C., while this week ...

Splashy Saudi Mega-Project NEOM Chases Chinese Funds

By Holmes Chan with Robbie Corey-Boulet in Riyadh Bigwigs behind a Saudi megacity dogged by questions about its viability have wrapped up a tour courting Chinese investors, detailing plans for a futuristic ski resort and 170-kilometer-long skyscrapers.

IMF Introduces New Rules to Speed Up Debt Restructurings and Blunt Chinese Delays

The International Monetary Fund approved a new set of rules to speed up the debt restructuring process in developing countries and reduce delays in negotiating settlements with bilateral creditors that have been widely blamed on China. The new rules specifically focus on ...

Should China Have a Larger Stake in the International Monetary Fund?

The World Bank and the International Monetary Fund's (IMF) annual Spring Meetings got underway in Washington, D.C., on Monday. These two institutions' stakeholders will spend the week grappling with issues ranging from debt to climate change and global governance. One issue ...

Bridging the $3 Trillion Investment Gap: Debt Relief and the Race to Achieve the SDGs and Paris Agreement

By Marina Zucker-Marques This week, policymakers, civil society leaders, researchers, and others will gather in Washington, D.C., for the 2024 International Monetary Fund (IMF)/World Bank Group Spring Meetings. The meetings come as many ...

The African Union’s Agenda 2063: Positioning China and Other External Partners

China is Africa’s biggest cooperating partner in recent years. The principles underpinning China’s foreign policy on the continent, comprising of equality, respect for sovereignty as well as mutual benefits and co-development, are all reasons for the acceptance and reception of China’s engagements in Africa.

Cambodian PM Says Country to Build Canal With China

Prime Minister Hun Manet said Thursday that Cambodia will proceed with controversial plans to build a $1.7 billion canal linking the capital, Phnom Penh, to the sea. The Funan Techo Canal is the latest Chinese-backed infrastructure project in Cambodia, which received ...

New Cambodian Canal Project Won’t Faciliate Chinese Military Access, Says Ex Premier

Hun Sen, Cambodia's former premier and father of the current prime minister, took to the social media platform X this week to vent his frustrations over allegations that the Chinese military will use the long-planned Funan Techo canal. "Cambodia needs Chinese ...

Vietnamese Leader Pursues Infrastructure, Energy Cooperation in China

The chairperson of Vietnam’s National Assembly, Vương Đình Huệ, continued his official visit to Beijing by meeting with executives from transport and energy companies. The meetings revealed the close political and infrastructure links between the countries. For example, in a meeting ...

Could India Outgrow China During This Decade?

While India’s $3.5 trillion economy is still overshadowed by China’s $17.8 trillion giant, it could equal its neighbor in purchasing power parity by the end of the decade, according to calculations by Bloomberg. However, this would depend on boosting infrastructure and skills, setting up more factories, and ...
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